Capitalist Diversity on Europe's Periphery

Capitalist Diversity on Europe's Periphery

by Dorothee Bohle
     
 

ISBN-10: 0801478154

ISBN-13: 2900801478153

Pub. Date: 08/28/2012

Publisher: Cornell University Press

With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's

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Overview

With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's Periphery, Dorothee Bohle and Béla Greskovits trace the capitalism took in each country, the assets and liabilities left behind by socialism, the transformational strategies embraced by political and technocratic elites, and the influence of transnational actors and institutions. They also evaluate the impact, of three regional shocks: the recession of the early 1990s, the rolling global financial crisis that started in July 1997, and the political shocks that attended EU enlargement in 2004.

Product Details

ISBN-13:
2900801478153
Publisher:
Cornell University Press
Publication date:
08/28/2012
Series:
Cornell Studies in Political Economy Series
Pages:
304

Table of Contents

List of Figures and Tables ix

Acknowledgments xi

Abbreviations xiii

Introduction: The Success, Fragility, and Diversity of Postsocialist Capitalism 1

1 Capitalist Diversity after Socialism 7

Comparing East European Capitalisms 9

Polanyian Varieties 13

Postsocialist Regime Concepts 17

Matrixes of Institutions and Performances 25

Puzzles of the Small State Pattern 53

2 Paths to Postsocialist Capitalism 55

Leaving the East 58

Mobilizing Consent 62

Returning to the West: Transnationalization and European Integration 82

3 Nation Builders and Neoliberals: The Baltic States 96

Origins of the National and Nationalizing Projects 98

Exclusionary and Inclusionary Democracies 99

The Politics of Early Economic Reforms 104

Nationalist Social Contracts 113

Constructing the Estonian Success Story 124

Internationalization, European Integration, and the Baltic Economic Miracle 131

4 Manufacturing Miracles and Welfare State Problems: The Visegrád Group 138

Unsuccessful Experiments and Double-Edged Inheritances 139

Welfarist Social Contracts 152

Rival Manufacturing Miracles 161

Contesting the Euro 172

5 Neocorporatism and Weak States: The Southeastern European Countries 182

Labor's Won Battles and Lost Wars 184

Postsocialist Capitalism in Strong and Weak States 197

Neocorporatist Balancing versus Crisis-Driven Path Corrections 211

6 The Return of Hard Times 223

Recession, Austerity, and No Alternatives: The Baltic States 227

Semicore Specialization, Polarized Democracy, and Austerity: The Visegrád Model in Peril 237

The Crisis, Neocorporatism, and Weak States: Southeastern Europe 248

Responsible Government or the Specter of Ungovernability 255

Conclusion: Postsocialist Capitalism Twenty Years On 259

Legacies, Initial Choices, and Repressed Alternatives 260

Market, Welfare, Democracy, and Identity: Compatibilities and Trade-offs 263

Virtues and Vices of Deep International Integration 265

Global Convergence versus Capitalist Diversity 267

New Global Transformations 269

Index 275

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